The main problem with economics is not its descriptive, but its predictive power. Too many of economics’ calculations need to suppose that everyone will behave rationally, which regular people can’t be trusted to do. Same problem with politics.
The main problem with economics is not its descriptive, but its predictive power. Too many of economics’ calculations need to suppose that everyone will behave rationally, which regular people can’t be trusted to do. Same problem with politics.